Compound Interest - Quantitative Aptitude (MCQ) questions for Q. 29488

Q.  Sarang invested some money in HDFC at 3% rate of interest. What would be the corresponding simple interest if after 2 years, Sarang got Rs. 101.50 as compound interest?
- Published on 03 May 17

a. Rs. 1015
b. Rs. 125
c. Rs. 100
d. Rs. 150

ANSWER: Rs. 100
compound interest

Post your comment / Share knowledge

Enter the code shown above:
(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)